Nordic aquaculture equipment manufacturer AKVA group saw losses at its land-based division eat into its overall earnings in an otherwise stable second quarter of 2020, according to its Q2 report.
Total profit margins appear to have tightened somewhat during the coronavirus pandemic, as Q2 revenues increased by 8% year-on-year to NOK 862m, while earnings before interest, taxes depreciation and amortization (EBITDA) for the quarter fell 9.2% from NOK 101m in Q2 2019 to NOK 93m this year [...]
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